loaned flat

Loaned flat

Securities lent interest-free between brokers to cover customers' short sale positions.

loaned flat

The practice of lending securities from one broker to another to cover a customer's short sale when no interest is charged by the lending broker.
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With the clothes he designed at college waiting in suitcases under the bed of a loaned flat in London, the 25-year-old is hopeful someone from Wales will help.